Solution with work for Question 1 both parts

Dus ACC 3300-Fall 2017- Chapter 4 Funwork Always handwrite and show your work when doing homework! Box or Circle final answers unless you are dealing with a financial statement (in that case, double underline your final answer) Have lots of FUN!! Question 1) The Lucky Company uses a job-costing system at its Miami, Florida, plant. The plant has a machining department and a finishing department. Lucky uses normal costing with two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department with machine- hours as the allocation base and the finishing department with direct manufacturing labor costs as the allocation base). The 2017 budget for the plant is as follows: Machining Department Finishing Department Manufacturing overhead costs Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours $9.065,000 970,000 36,000 185,000 $8,181,000 $4,050,000 155,000 37,000 Amounts at the end of 2017 are as follows: Machining Department Finishing Department Manufacturing overhead incurred $10,000,000 Direct manufacturing labor costsS 1,030,000 Direct manufacturing labor-hours Machine-hours $7,982,000 $4,100,000 159,000 34,000 38,000 200,000 Required (round to 2 decimal places when needed) What is the amount of over-or under-applied manufacturing overhead for each department and for the plant as a whole? 1 2) During the month of September, the job-cost record for Job ILOVEACC3300 shows the following: Machining Department Finishing Department Direct materials used Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours $13,000 900 20 140 $ 5,000 $ 1,250 70 20 $ Assuming that Job ILOVEACC3300 consisted of 300 units of product, what is the cost per unit